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fxJul 30, 2026, 1:40 PM

BoC July Minutes Flag Two-Sided Risks, Inflation Worries – TD

TD Securities says the Bank of Canada’s July Summary of Deliberations was balanced, noting economic adjustment and growth improvement, while worrying about medium-term inflation expectations drifting.

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TD Securities strategists highlighted that the Bank of Canada’s July Summary of Deliberations struck a balanced tone. The Bank observed the economy is adjusting to recent shocks and expects growth to strengthen going forward.

However, policymakers expressed concern that medium-term inflation expectations could drift, presenting a two-sided risk. The minutes suggest the BoC remains watchful of both growth and inflation dynamics.

Source: FXStreet Forex News